Yoichi Wada, President And CEO Of Square Enix, has resigned.
Square Enix are expected to announce an “extraordinary loss” [via] for the fiscal year ending March 31, 2013. Today’s revisions to the publisher’s consolidated results forecast suggest that certain aspects of Square’s digital entertainment portions have seen “sluggish performance”.
Square Enix are now, as can be seen, planning major restructuring across the whole company, including development, organisation and business models.
The company expects to incur a loss of approximately $100 million for the last fiscal year.